Description: This paper considers a defined contribution DC plan, a cash balance plan, and traditional defined benefit DB plan with equal expected value at the assumed retirement age. Using utility as a measure of risk and participant preferences, the designs are particularly well suited to minimize participant risk, particularly while employees are accumulating retirement assets. From Cash Balance Symposium Monograph, M-RS02-3.

Description: This session discussion is about state risk pools, Massachusetts programs, federal catastrophic coverage and mandated minimum health benefit coverage. From Record of the Society of Actuaries 1987 Vol. 13, No. 4B.